IT Sourcing, Vice President - Finance IT Sourcing, Vice President - Finance …

Morgan Stanley
in Hong Kong
Permanent, Full time
Last application, 27 Nov 21
Competitive
Morgan Stanley
in Hong Kong
Permanent, Full time
Last application, 27 Nov 21
Competitive
IT Sourcing, Vice President - Finance

Morgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities, investment management and wealth management services. The Firm's employees serve clients worldwide including corporations, governments and individuals from more than 42 countries.
As a market leader, the talent and passion of our people is critical to our success. Together, we share a common set of values rooted in integrity, excellence and strong team ethic. Morgan Stanley can provide a superior foundation for building a professional career' a place for people to learn, to achieve and grow. A philosophy that balances personal lifestyles, perspectives and needs is an important part of our culture.
Morgan Stanley mobilizes capital to help governments, corporations, institutions and individuals around the world achieve their financial goals. For over 75 years, the firm's reputation for using innovative thinking to solve complex problems has been well earned and rarely matched. A consistent industry leader throughout decades of dramatic change in modern finance, Morgan Stanley will continue to break new ground in advising, serving and providing new opportunities for its clients.

Morgan Stanley's Core Values
- Putting Clients First
- Doing the Right Thing
- Leading with Exceptional Ideas
- Committing to Diversity and Inclusion
- Giving Back

Reengineering & Expense Management Department (REM)
REM is a division within Morgan Stanley Finance which supports functions that identify and execute opportunities to manage expenses through strategic sourcing, demand management, process reengineering, procurement management and sales and use tax optimization.
IT Sourcing is part of the REM department. It partners with technology partners supporting the Firm's business units to identify best practice solutions that will manage global costs and processes surrounding the acquisition of all IT related goods and services.
The role is based in Hong Kong and reports to the Head of Asia IT Sourcing.

Role & Responsibilities
The role shall foster regional/global consistency where possible, by executing the following key responsibilities:

- Working closely with the business partners in understanding their requirements, identifying alternatives, and to recommend the appropriate Sourcing Strategy.
- Drive the end-to-end sourcing projects, through Ariba system, to include running RFX, leading negotiations, facilitating vendor due diligence process and initiating vendor enablement, until the order placement / renewal contract signed and project closed out in the system.
- Develop and conduct complex RFXs (which includes developing evaluation scorecards, assessing supplier responses through data analysis to support the decision and recommendation for award of contract).
- Develop category and sourcing strategies to drive saving opportunities, identifying opportunity areas such as demand management, supplier consolidation, changes in purchase processes (Morgan Stanley and/or Supplier specific), etc.
- Facilitate tactical buying requests and determine deal outcome.
- Deliver multination agreements with best-in-class terms and conditions and the most optimal / competitive pricing
- Maintain up-to-date commercial and contractual knowledge of the market place and methods to ensure that best practices are continually developed and utilized within the group.
- Develop internal business stakeholder relationships.
- Organize regular vendor meetings, develop appropriate service level agreements and to lead the discussion in resolving vendor/internal issues when required.
- Ensure all sourcing activities are conducted with highest ethical standard and adherence to the global policy and procedure.
- Work cross-functionally with other teams to ensure budgetary and product specific approvals.
- Monitor vendor performance and manage ongoing vendor relationships, including conformity to contract performance, resolution of payment disputes, activity on critical dates (extensions, renewals, price adjustments, etc.).
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